Detroit Casinos See License Approval By Michigan Gambling Regulators

One-year licenses for three commercial casinos approved by board
Michigan Gambling Regulators
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The Michigan Gaming Control Board met Tuesday to run through licensing renewals.

According to executive orders from the board, the three Detroit casinos — MGM Grand Detroit, Greektown, and MotorCity — all received license renewal. Nothing to see here. It would be earth-shattering news if they didn’t.

The casino licenses are good for one year. The licenses are renewable after payment of a $25,000 fee.

MGM Grand Detroit opened in July 1999, followed by MotorCity in December of that same year. Greektown opened in November 2000.

In addition to those approvals, the board approved online gaming operator license requests from Firekeepers Casino and the Sault Ste. Marie Tribe of Chippewa Indians. Both have already been conducting online gambling.

The board regulates both commercial and tribal online gambling.

Solid July for Detroit casinos

The Michigan Gaming Control Board this week also released brick-and-mortar revenue from July for the Detroit casinos.

The three Detroit casinos reported $116.9 million in monthly aggregate revenue for July. Table games and slots generated $115.7 million in revenue, while retail sports betting generated $1.2 million.

July revenue was 9.3% higher than June. The three Detroit casinos were closed during July 2020 due to COVID-19 restrictions. The $116.9 million was off from the July 2019 total of $119 million. There was no sports betting then.

The COVID-19 pandemic is still keeping some people away.

MGM Grand Detroit led July with 46% market share, followed by MotorCity with 34% and Greektown with 20%.

Photo: Shutterstock

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